Alleghany Corp (NYSE:Y)
CAPS Rating:
The Company is engaged, through AIHL & its subsidiaries RSUI, CATA and Darwin, in the property, casualty and surety insurance business.
The Company is engaged, through AIHL & its subsidiaries RSUI, CATA and Darwin, in the property, casualty and surety insurance business.
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I am bullish on the growth of this one, even compared to WTM and MKL.
Regarding the company description above: I think the mention of steel and minerals should be removed. That company is Allegheny (ATI) with an "e" at the end. Here is the Yahoo business summary:
"Alleghany Corporation, through its subsidiary, Alleghany Insurance Holdings LLC, engages in the property and casualty, and surety insurance business. It underwrites specialty insurance coverages in the property, umbrella/excess, general liability, directors and officers liability, and professional liability lines of business, as well as writes surety products, such as commercial surety bonds and contract surety bonds. The company offers its insurance products principally through independent wholesale insurance brokers. Alleghany Corporation, through its subsidiary, Alleghany Properties LLC, owns and manages improved and unimproved commercial land, and residential lots in the Sacramento region of California. The company was founded in 1929 and is based in New York, New York."